If your business has not yet created a budget for 2007, it is still worth taking the time to do so. Having a budget gives a comparison basis for each month’s actual results, to see where you are ahead and behind pace. To make your budget a more useful management report, try to group p&l lines as follows: 1) cost of revenues, 2) sales and marketing, 3) general & administrative, with sub-totals for each section.
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Resources
- Center for Networking Excellence
- Forbes best small business blogs
- Knowledge at Wharton
- Small Business Blog Directory
- Small business resources at the New York Public Library
- The Crisis of Credit Visualized
- The Tiger Next Door – new documentary
- Ventureneer
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